Wal-Mart beats by $0.01, reports revs in-line; guides Q1 EPS in-line; guides FY18 EPS in-line; raises dividend 2% :
- Reports Q4 (Jan) adjusted earnings of $1.30 per share, $0.01 better than the Capital IQ Consensus of $1.29; revenues rose 0.8% year/year to $129.75 bln vs the $130.22 bln Capital IQ Consensus.
- Walmart U.S. comp sales increased 1.8% vs. +1.0-1.5% guidance, driven by a traffic increase of 1.4% with ticket +0.4%. Neighborhood Market comps increased ~5.3%. E-commerce growth at Walmart U.S. was strong as sales and GMV increased 29.0% and 36.1%, respectively, including Jet.com and online grocery. Sam's Club comps +2.4% vs. +1.0-1.5% guidance
- Co issues in-line guidance for Q1, sees EPS of $0.90-1.00 vs. $0.96 Capital IQ Consensus Estimate; Walmart US comps +1.0-1.5%; Sam's ex-fuel +1%.
- Co issues in-line guidance for FY18, sees EPS of $4.20-4.40 (up from $4.15-4.35 in October of last year) vs. $4.32 Capital IQ Consensus Estimate.
- Co approved an annual cash dividend for fiscal year 2018 of $2.04 per share, an increase of 2 percent from the $2.00 per share paid for the last fiscal year.
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